(1) This section applies to a * superannuation member benefit that:
(a) is a * superannuation lump sum; and
(b) is:
(i) paid from a * complying superannuation plan; or
(ii) a * superannuation guarantee payment, a * small superannuation account payment, an * unclaimed money payment, a * superannuation co - contribution benefit payment or a * superannuation annuity payment.
(2) The lump sum is not assessable income and is not * exempt income if a * terminal medical condition exists in relation to you when you receive the lump sum or within 90 days after you receive it.
Note: For a lump sum you receive in the 2007 - 08 financial year, the period of 90 days may be extended until 30 June 2008: see section 303 - 10 of the Income Tax (Transitional Provisions) Act 1997 .